The Greedy Trader Weekly Analysis
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Number of records: 10
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance

C.H. Robinson Worldwide (CHRW)

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend support line
Daily :The price has risen above the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the C.H. Robinson Worldwide (CHRW). During the week, the CHRW dropped -2.89 points, or -2.88%, and closed at 97.54 on Friday, May 26, 2023. Weekly volume was -32% below average.

CHRW is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CHRW long-term trend chart]
A long-term uptrend had started on March 20, 2014 at 50.21 and reached 121.23 on August 25, 2022. CHRW gained -71.02 points, or -141.45%, in 440 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (100.84) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See CHRW medium-term trend chart]
A medium-term uptrend had started on April 10, 2023 at 91.53 and reached 106.14 on May 3, 2023. CHRW gained -14.61 points, or -15.96%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (98.23) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See CHRW weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since April 28, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See CHRW short-term trend chart]
A short-term downtrend had started on May 3, 2023 at 106.14 and reached 96.65 on May 16, 2023. CHRW lost 9.49 points, or 8.94%, in 13 days. The price is now at the 9.38% retracement level.

Daily Technical Indicators: [See CHRW daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since May 10, 2023. This is an indication that the short-term trend is down.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.37
Williams' Percentage Range (W%R) 75.20
Lane's Stochastic (%D-Slow) 55.10
Greed/Fear Indicator (GFI) 37.75
Moving Average Converg./Diverg. (MACD) 0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.62
Williams' Percentage Range (W%R) 42.90
Lane's Stochastic (%D-Slow) 60.68
Greed/Fear Indicator (GFI) 55.10
Moving Average Converg./Diverg. (MACD) -0.30
Trading Signals
Description Value Chart
Upper Bollinger Band 104.20
Weekly Trendline Resistance 101.40
20 Day Moving Average 101.22
Weekly Stochastic Crossing 101.14
Yearly Trendline Support 100.84
Daily Stochastic Crossing 99.78
Weekly Trendline Support 98.23
50 Day Moving Average 98.15
Price 97.54
Parabolic System 96.89
Lower Bollinger Band 95.58
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Air Freight & Logistics 99
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 106.14
High Date 05/03/2023
Low 96.65
Low Date 05/16/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 101.40
Support 98.23
Low 91.53
Low Date 04/10/2023
High 106.14
High Date 05/03/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 108.05
High Date 02/02/2023
Low 91.53
Low Date 04/10/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 121.23
High Date 08/25/2022
Low 86.60
Low Date 11/03/2022
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 124.62
Support 100.84
Low 50.21
Low Date 03/20/2014
High 121.23
High Date 08/25/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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